Virgin Money is set to reduce rates on selected remortgage and purchase exclusive deals starting Tuesday, 1st August.
The reduced remortgage exclusive deals will be available for an extended seven-day period, until 8pm on Tuesday, 7th August. This extension aims to offer extra time for customers and brokers to review the reduced rates and submit a case.
Among the deals on offer are a 70% LTV 2-year fixed rate with £1,495 fee and £500 cashback, reduced by 0.16% to 5.90%; a 70% LTV 5-year fixed rate with £1,495 fee and £500 cashback, reduced by 0.19% to 5.40%; and 5-year BTL fixed rates at 50%, 60%, and 75% LTV with £2,195 fee, reduced by up to 0.11%. These special deals are available until the evening of 7th August.
Also featured in this rate reduction are purchase exclusives with free valuation and £1,295 fee: 2-year fixed rates at 65%, 75%, 85%, and 90% LTV, reduced by up to 0.35%; and 5-year fixed rates at 65%, 75%, 85%, and 90% LTV, reduced by up to 0.41%.
Virgin Money is also offering reductions on 65% and 75% LTV 2-year fixed rates by up to 0.08%, starting from 6.13%.
Craig Calder, head of secured lending at Virgin Money, said: “We are making reductions to a selection of residential and BTL exclusive rates.
“We have also listened to recent feedback from our intermediary partners regarding product withdrawal notices, and as a result, a range of remortgage exclusive products will be made available for seven days.”
